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    16990 Bear Valley Rd Victorville, CA 92395
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    Property profile & analytics

    16990 Bear Valley Rd, Victorville, CA 92395

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    • Banks
    • 6,049 SF
    • 0.65 lot acres
    For Sale
    $2,900,000
    View Listing →
    Prime Retail Corner Opportunity For Sale
    $2,900,000
    6,049 SF

    Prime Retail Corner Opportunity

    High-traffic corner location suitable for retail or office uses.

    16990 Bear Valley Road, Victorville, CA 92395
    View Listing
    Property ID
    US10-0980307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America ATM / Atm

    Property Details for 16990 Bear Valley Rd

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    0.65 lot acres
    Property type
    Banks
    APN
    3091-251-14-0000
    APU
    3091251140000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2015 $2,850,000 A & Y Shalom Property LLC Victor Valley Plaza Co Grant Deed $1.5M · Bbcn Bk
    May 31, 2005 — Victor Valley Plaza Co Victor Valley Plaza Quit Claim Deed · related —

    Description

    This exceptional В±6,094 square foot retail building presents a unique investment opportunity in Victorville, CA. Situated on a В±0.65-acre lot at the signalized intersection of Bear Valley Road and Hesperia Road, this property benefits from exceptional visibility and accessibility. Bear Valley Road serves as a major east-west thoroughfare connecting Victorville, Hesperia, and Apple Valley, resulting in an estimated daily traffic count of approximately 45,918 vehicles. The building's previous use as a bank highlights its suitability for a variety of commercial and professional uses, including but not limited to financial services, medical facilities, legal offices, or retail establishments. Ample parking is available, ensuring convenient access for customers and employees. This location within a larger neighborhood retail center offers a strong presence in a thriving, high-traffic area of a growing market. The property's central location within the region makes it an ideal choice for businesses seeking maximum exposure and convenient access for a wide customer base. Prospective buyers are responsible for verifying all aspects of the property and its permitted uses prior to purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $893,000
      Market price range: $395k - $1.10M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $705,000
      Current use
      RESTAURANT
      $1,120,000
      Change: +59% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $990,000
      Change: +41% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $925,000
      Change: +31% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $885,000
      Change: +25% Conversion: Difficult
      MEDICAL BUILDING
      $845,000
      Change: +20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Victorville
    County
    San Bernardino
    State
    California
    Longitude
    -117.292
    Latitude
    34.4713
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,563
    $530,229
    $2,827,886
    $3,358,115
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      15483 7th St

      FINANCIAL BUILDING
      15483 7th St, Victorville, CA 92395-3543
      View Details
    • Value Estimation by Request

      14075 Hesperia Rd

      FINANCIAL BUILDING
      14075 Hesperia Rd, Victorville, CA 92395-4500
      View Details
    • Value Estimation
      $5,190,000

      17222 Bear Vly Rd

      FINANCIAL BUILDING
      17222 Bear Vly Rd, Victorville, CA 92395-7742
      View Details
    • Value Estimation by Request

      14928 7th St

      FINANCIAL BUILDING
      14928 7th St, Victorville, CA 92395-4021
      View Details
    • Value Estimation by Request
      0.67 Acres

      14716 7th St

      RETAIL STORES (PERSONAL SERVICES)
      14716 7th St, Victorville, CA 92395-4020
      View Details
    • Value Estimation by Request
      4,000 SF

      15561 7th St

      RETAIL STORES (PERSONAL SERVICES)
      15561 7th St, Victorville, CA 92395-3223
      View Details

    Similar Nearby for Sale

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      7,359 SF

      Victorville Retail Pad Building

      Net-leased retail building in established Victor Plaza.
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      View Details
    • Contact for pricing

      Prime Retail Corner Opportunity

      High-traffic corner location suitable for retail or office uses.
      16990 Bear Valley Rd, Victorville, CA 92395
      View Details
    • $650,000

      Two-Story Mixed-Use Retail Building

      Two-story commercial building in Mixed-Use Retail District.
      15483 7Th St, Victorville, CA 92395
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    • $650,000

      Union Street Investment Opportunity

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      16623 Union St, Victorville, CA 92395
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    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      New Development with Highway Frontage

      New retail development with spaces for lease and highway frontage.
      395 & Bear Vly Rd, Victorville, CA 92395
      View Details
    • Contact for pricing
      4,634 SF

      Freestanding Retail Building, Freeway Access

      Freestanding retail building with immediate access to the 15 Freeway.
      15055 La Paz Dr, Victorville, CA 92395
      View Details
    • Contact for pricing
      Pending

      Retail Space on Hesperia Road

      Retail space available for lease on Hesperia Road.
      13024 Hesperia Rd, Victorville, CA 92395
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Victorville, CA.
      2Nd Ave, Victorville, CA 92395
      View Details
    View Listing
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    Victorville, CA 92395
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    16990 Bear Valley Rd, Victorville, CA, 92395
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